In the Venture Life Cycle, Moving from the Development Stage

question 62

Multiple Choice

In the venture life cycle, moving from the development stage to the startup stage frequently begins with the preparation of a business plan. The business plan is a written document that describes the proposed venture in all of the following terms except :

• A)the proposed product or service opportunity
• B)the accounting data for the last five years
• C)current resources available to the venture
• D)financial projections

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Definitions:

Warehouse

A large building where goods are stored before they are distributed to stores or customers.

Photography Shop

A retail business that specializes in selling photographic equipment, processing photos, and may offer related services such as photography classes.

Leasehold Estate

An interest in land that grants the tenant exclusive possession until a specific date.

Restrictive Covenant

A clause typically in an employment or real estate contract that limits what the buyer or employee can do, ensuring certain actions are refrained from.